SOLI.L closes flat at 0.0%


Solid State plc (SOLI.L) Technical Analysis Report for May 17, 2018 [< 1 min read]
TQ Sentiment
Report Sentiment: 66% Bullish
Technical Forecast:
Overview

SOLI.L finished Thursday at 280.00 flat on low volume.

Daily chart for SOLI.L
Volatility

Thursday's trading range was £15.00 (5.54%), that's slightly above last trading month's daily average range of £11.78. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way below average.

Price Action

In a volatile session, prices traded above the prior day's high as well as below the previous day's low, forming a bullish Outside Bar.

Support/Resistance

Prices are trading close to a key support level at 274.00.

Trend

While Solid State is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory.

Order Flow

Buying might speed up should prices move above the nearby swing high at 290.00 where further buy stops could get activated.

Conclusion

While classical technical analysis indicates a bullish sentiment for the next trading day, our quantitative statistics show a different picture being slightly bearish.

Market Conditions for Solid State plc
ConditionForecastDirectionWinAvgWorstBestEvents
Close near high of period TQ Pro Members Only
Takuri Line TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Bullish Intraday Reversal TQ Pro Members Only
More market conditions identified for TQ Pro members...
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